MANHASSET, N.Y. Semiconductor supplier Intel Corp. has announced it would lay off an additional 159 workers from its facility in Folsom, Calif. The company will now lay off a total of 350 at Folsom through mid-2007, according to an online report quoting the Sacremento Business Journal.
According to the report, Intel (Santa Clara, Calif.) employs 7,000 in Folsom, 2,000 in information technology, whose functions are headquartered at the location.
Of the 159 new layoffs in Folsom, 117 will come from the information technology department, effective the end of October. The remaining jobs to be cut will come from the company's Digital Enterprise, technology and manufacturing, and Intel Capital groups over the next year, the report said.
An Intel spokesperson was quoted as saying the layoffs are redeployments, meaning workers can elect for immediate separation or look for other work at Intel. If they don't find work in two months their jobs will be terminated.
Intel is Folsom's largest employer, said Joe Luchi, Folsom's economic development director, the report said.
The reductions are part of Intel's effort to restructure the struggling semiconductor supplier to improve efficiency and generate cost savings. Intel announced earlier in the month it would cut 10,500 jobs
through layoffs and attrition, through mid-2007. The moves are expected to save $2 billion next year.